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Trading suggestion: . There is a possibility of temporary retracement to suggested support line (147.35). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ETHUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance....
SELL ETHUSD (ETHEREUM) 1HR tendency: Consolidation Sell: 187.16 SL: 190 TP: 179.9
Hi, Traders ! Monfex is on the air ! Ethereum preserves tight correlation with Bitcoin and is set to climb above $200 soon. * Ethereum has been following precisely Bitcoin’s price dynamic over the last several weeks. This correlation was easily visible when BTC had faced selling pressure lately,that forced the price down to $8,700. * As you can see from the...
Watching price fall just after some OBV divergence, there has so far been clear price rejections on the current pullbacks with the OBV staying bearing, I would anticipate a continuation to around 177 ish where we have seen some stronger buying pressure, I will be waiting for a candle shoring some form of rejection around that price area and for at least he OBV to...
Hello, Traders! Monfex is at your service and today we overview ETH/USD. By breakout the local key level - the price will target the middle zone of the descending channel. Mid-term trend still bearish and ETH in the price range between key levels. Breakout of which will define the trend. RSI is going to the oversold zone at 1D chart analysis. The key...
Hello, Traders! Monfex is at your service and today we overview ETH/USD. There are several classic trading strategies: trade by breakout of key levels and buy/sell from supports/resistances. Mid-term ETH in an uptrend, we see a triangle formation after a impulsed upward movement. The peak of the impulse has reached its resistance zone. Locally ETH has a bullish...
Hi, Traders ! Monfex is on the air ! Ethereum price is currently inside the Key Resistance area! But the upward move could keep up! * The price of Ethereum has eventually hit our 'Long' target at the Key resistance area = $190 - $195. * Now, we observe a bullish rejection pattern at this level, where H4 red Doji candle was followed by a bullish engulfment. * We...
Price action on ETHUSD looking bullish on multiple timeframes, multiple support zones below with the 100DMA recently broken, ~180 range on VPVR with next resistance at 210 around the target for this bull flag, 4h EMA ribbon below us, daily ema beginning to cross bullish, we may face resistance from weekly ema, bots trying to keep the price pushed down, but as i...